1301:9-3-10
Qualified audit report of a participating credit union.

The credit union share guaranty corporation shall notify the
superintendent of credit unions immediately whenever the credit union share
guaranty corporation shall require that an audit be conducted of the books and
records of a participating credit union. In the event that the audit report,
certificate or opinion of the independent certified public accountant is in any
way qualified and such qualification is not remedied within three months of the
date the participating credit union becomes aware of the qualification, or such
shorter period as required by the credit union share guaranty corporation, the
credit union share guaranty corporation shall immediately report such
qualification in writing to the superintendent of credit unions and the
superintendent of insurance.